Investment Q&A

Q: A recent article by Thane Stenner in ROB suggests private equity as a natural hedge to swings in public equity and that the "smart money" which he implies is High Net Worth individuals are shifting more assets to private from public. For someone who is presently an aspiring member to the HNW club what would you suggest to participate in this area? I am currently holding both OCX and BAM, and looked at CVG (too illiquid), all of which have some fingers in this pie. Thanks, J.

link to article:
http://www.theglobeandmail.com/globe-investor/investment-ideas/high-net-worth-investors-taking-cautious-approach/article29775556/

Q: Onex is now down about 12% this year. Did I miss something or is this just the market reacting to a lack of new transactions?
Many thanks,
John

Q: Hi, I'm interested in adding private equity to my portfolio for diversification purposes. I was thinking 5 percent of the porfolio. Is this an okay percentage? And what would you recommend for this? I was thinking OCX. Should I put the whole 5 percent in that name or what would you suggest for another name or two and what percent of the 5 in each?

Q: Could I please have your comments on Onex's recently announced earnings and your thoughts in general on this company. Thank You.

Q: Hi Team,

I have been researching these three names as alternative investments. My objective is to find one or more companies that will not behave (or correlate) the same as my otherwise well-diversified portfolio made up of equities (growth and income), bonds and bullion-related holdings.

Can you please pick your preference of the three noted and briefly explain your choice? Dock credits accordingly please.

Thanks very much.

Michael

Q: What metrics should one use to evaluate this company? The ones available are confounding: forward PE of 243, -75% ROE yet it trades at an all time high (impressive given current conditions). Revenue and Earnings growth doesnt seem that impressive. Is it good value here and if so based on what measure? Would BAM be a comparable company, which is better value? Finally, would you rank OCX as an A or B company? Thank-you.

Q: Hi team:
no one has asked any questions about this company for awhile
It has pulled back but now seems to have bottomed
pays a small dividend
how would you rank onex as an income stock with some upside potential for 1-3 years hold ? Thanks

Q: I have been pondering on a purchase of Onex for a couple of months now- it was brought to my attention in your Q&A - so between ocx and bam.a witch do you prefer and why- also what would be an appropriate holding period for both of these stocks. This will be my last question for 2014.

Q: While I was aware of Buffett back in the mid eighties- $6,000 a share blew me away- I woke up and got some Ffh earlier this year. Any other ambitious type manager out there in a public company with a similar strategy that you see out there??

Q: Considering selling my holdings of Alaris Royalty (AD)to fund purchase of Onex (OCX). Considerations: AD - smaller, quasi private equity company with good dividend and capital gain consideration vs. OCX - larger cap, established, pure private equity play with small dividend. On a go forward basis , which would you choose as long-term hold?
Thank-you.

Q: Hi- what are your thoughts on ONEX OCX for a long term hold? Insiders seem to be buying a lot so they must believe in their company....is there any other reason to buy?
Thank you.

Q: Previous comments on Onex ( OCX )have been positive. Currently share price drifting marginally lower as insiders load up on purchases. Any thoughts on this or any additional comments on company. Patience required?

Q: I have done extremely well with Onex (OCX).I am wondering if it might be time to sell.
What is your opinion of this company going forward?

Q: Hi Peter and Team --

I read, with great interest, your response to Wendy regarding the ONEX Corporation --OCX. I searched through the archives to find that you've answered three questions on this corporation in the last 12 months and each time you spoke of it in the most glowing terms.

I am certainly intrigued by your enthusiasm in this company -- and the next step begs the question: Would you consider preparing a report on this company? As an addendum to that thought, for whom would this stock be appropriate in a portfolio? What sort of risk tolerance would this company require, given the nature of the cyclicality that you speak of.

Thanks so much!

I'm one month new in my membership here, and I'm telling you now ... I'm a lifer, from here on in! I'm recommending membership to anything that moves. My cat may be signing up next. Great work!

Q: Could you please give me your opionion about ATD.B & OCX. Thank you.

Q: I am interested in your opinion of Onex corp at present. I like the concept but have a hard time knowing how to value it. Historically it seems to be a fairly cyclical stock - how would you characterize that (is this changes in performance or in multiples / market sentiment)? Thank you.

Q: Peter, what do you thing about Onex(OCX) management and earnings. Chart looks great. Is it a good buy here. Thanks.